American Financial Group has completed the sale of Charleston Harbor Resort & Marina.
The company expects to make around $125 million in pre-tax core operating earnings from the transaction.
The sale was first announced in March 2025 subject to certain agreements and represents a divestment of the hospitality asset by the company.
Charleston Harbor Resort & Marina is a resort property and marina located in Charleston, South Carolina.
The site includes two full-service hotels, a 459-slip marina, a full-service restaurant, retail store and other resort amenities.
The property was purchased by American Financial Group, an insurance holding company which carries out investment activities as part of its financial operations, in 2002.
Since then, the company has made significant improvements, including construction of The Beach Club, a luxury waterfront resort.
The property was owned equally by American Financial Group and its Great American Insurance Company subsidiary, with the gain on the sale to be reported as net investment income and split equally between the two organisations.
